28 Key St #28MillisMA02054
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Millis at 28 Key St #28, Millis, MA, 02054 offers a 10.45% rental yield on a $429,900 purchase with $3,743/mo rent. Total monthly income registers $3,743/mo, and a $2,104/mo payment leaves $1,034/mo available for distribution. Annual cash flow reaches $12,403/yr on $142,512 to close, and return on cash invested stands at 28.61% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 149.67% and total cumulative return in cash at $213,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,743/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02054, Millis, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,765 (100%) |
| Owner Occupied HU | 2,930 (77.8%) |
| Renter Occupied HU | 710 (18.9%) |
| Vacant Housing Units | 125 ( 3.3%) |
| Median Home Value | $665,265 |
| Average Home Value | $697,492 |
Housing Distribution
Address Breakdown
Residential
3,668
Single Family
3,312
Multi-Family
356
Businesses
266
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Listed by: James Coombs • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73470474